Korea Investment Management’s Korea Investment Global AI & Semiconductor TOP10 Fund Surpasses 1 Trillion Won in Net Assets

Korea Investment Management announced on the 21st that the combined net asset value of its two “Korea Investment Global AI & Semiconductor TOP10” funds has surpassed 1 trillion won. Fueled by strong market interest in artificial intelligence (AI) and the semiconductor industry, the fund’s scale has grown rapidly as this enthusiasm translated into investments.

According to FnGuide, as of the previous day, the net asset value of the unhedged (UH) and hedged (H) classes of the fund stood at 495.3 billion won and 514 billion won, respectively, with the combined net asset value exceeding 1 trillion won. This milestone was achieved within three years since the fund’s initial launch in March 2023. When including the U.S. dollar (USD) share class, the combined net asset value across all three classes totaled 1.0706 trillion won.

The rapid growth in net asset value can be attributed to the fund’s outstanding returns, which have outperformed the market average. Both the unhedged and hedged classes have delivered results exceeding the average for their respective categories. Over the past year, the unhedged class achieved a return of 117.39%, and the hedged class recorded 104%, both of which far surpass the category averages of 86.16% and 63.03%, respectively. For the hedged class, which has been in existence for more than three years, the three-year and since-inception returns were reported at 191.53% and 197.35%, respectively.

The fund is managed by Hyuntae Kim, head of the Global Quantitative Investment Division and a Ph.D. in Physics from Seoul National University. Kim’s investment strategy covers the entire global AI and semiconductor industry, ranging from data center infrastructure to robotics powered by AI. He also manages the Korea Investment Global Space Technology & Defense Fund and the ACE Nvidia Value Chain Active ETF, and on April 14, launched the ACE US Space Tech Active ETF, which has the highest Ecostar weighting among domestic ETFs.

As of the 10th, the fund’s major holdings include global big tech leaders in the AI sector such as Google (Alphabet A), TSMC, Broadcom, Nvidia, SK hynix, ARM, Vertiv Holdings, Meta, Apple, and Tesla. The strategy focuses on concentrated investments in these global big tech companies that lead the AI industry, while also selectively including new high-growth companies.

Hyuntae Kim commented, “The Korea Investment Global AI & Semiconductor TOP10 Fund allows investors to easily access the entire global AI and semiconductor industry, from data center infrastructure to robotics where AI is applied, without being limited to a specific sector. Our focus on industry-leading companies has contributed to the growth in net asset value, making this the largest AI-themed public fund.” He added, “In rapidly growing industries driven by emerging technologies, the leading companies change frequently, so active management can help enhance returns. By leveraging deep industry insights for stock selection, we will continue to pursue outstanding returns.”

This content was produced with the assistance of AI translation services.